Housing Wire

MAY 7, 2023

Even though the labor market is currently showing signs of getting softer , there is no job-loss recession yet. As you can see in the chart below, there is a big difference between the current housing market and those looking for a repeat of 2008. Mortgage rates in a regular market should be 5.25% today but are at 6.5%.

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Inventory Housing Market Marketing New Listings 491

Housing Wire

MARCH 21, 2024

Mike Fratantoni , the chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA), addressed three major challenges in the housing market during testimony before the U.S. House of Representatives ‘ Financial Services Subcommittee on Housing and Insurance.

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Housing Wire

JUNE 23, 2021

With low housing inventory and rapid home-price growth, homeownership can seem less and less attainable for several groups of potential homebuyers. HousingWire sat down with Radian CEO Rick Thornberry to learn more about the state of the housing market and how Radian is helping further homeownership.

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Housing Market Marketing Construction Insurance 421

Housing Wire

MARCH 28, 2024

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. Unlike site-built homes, which are always titled as real estate, over 40% of manufactured housing is titled as personal property (the same way a car is titled).

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Business Finance Buyers Lending 450

Housing Wire

DECEMBER 1, 2021

As the housing market changes, so does lending fraud. Housing market conditions are changing in ways that may increase fraud risk and fraud schemes are becoming increasingly sophisticated. This white paper covers new fraud schemes in mortgage lending as well as solutions for fraud detection.

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Mortgage Insurance Lending Government 544

Housing Wire

APRIL 10, 2023

This continues to be an incredibly rate-sensitive housing market, and March’s rate lock activity perfectly illustrates this dynamic,” Andy Walden, vice president of enterprise research at Black Knight, said. by the end of the month, Black Knight’s Optimal Blue mortgage market indices showed. before dropping to 6.4%

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Marketing Insurance Housing Market Mortgage 384

Housing Wire

APRIL 29, 2022

While other “big four” title insurers discussed the “transitional period” in the housing market during their first quarter 2022 earnings calls with investors, Old Republic International Corp. ’s As expected, the firm’s title insurance segment did not have the greatest quarter. Presented by: Acra Lending.

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Insurance Investors Housing Market Law 370

Housing Wire

SEPTEMBER 7, 2022

The entire mortgage market is in flux like few times in history. As the lending arm of mortgage companies can no longer depend on new loans or the rate-based refinancing that’s kept them afloat throughout the pandemic, the value of mortgage servicing rights is serving as a lifeline. Why insurance? Integration is now seamless.

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Insurance Mortgage Business Lending 410

Housing Wire

SEPTEMBER 10, 2021

Wells Fargo has been slapped with a $250 million civil money penalty by the Office of the Comptroller of the Currency for “unsafe or unsound practices” pertaining to their home lending loss mitigation program this week. As the housing market changes, so does lending fraud.

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Lending Housing Market Retail Mortgage 458

Housing Wire

SEPTEMBER 8, 2022

In June, the firm launched a monitoring program that scans residential addresses for changes in listing status in efforts to court more lenders in a tight housing market. Xactus is comprised of the merged family of companies that includes Credit Plus, DataFacts Lending Solutions and MassiveCert.

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Lending Insurance Mortgage Real Estate 384

Housing Wire

JULY 28, 2022

Xactus will add flood services to its list of verification solutions with the acquisition of MassiveCert , a software company that provides flood zone determinations for insurance, lending and real estate. Up until now, Xactus obtained data from third parties.

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Insurance Clients Modernization Technology 370

Housing Wire

NOVEMBER 11, 2021

With renewed attention towards the manufactured housing space, the FHA moved this week to provide updated guidance to its Title I loan program, making it easier to understand and use for lenders. The Title I program insures mortgage loans made by private lending institutions to finance the purchase of a new or used manufactured home.).

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Finance Valuation Insurance Lending 450

Housing Wire

SEPTEMBER 25, 2023

These benefits will allow users to establish proactive margin management processes and remain competitive in any market environment,” Brandonn Dukes, EVP of real estate and consumer lending at Curinos, said in a statement. Founded in 2021, Curinos provides data, technologies and insights for financial institutions.

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Technology Insurance Mortgage Lending 404

Housing Wire

MAY 13, 2024

A coalition of trade organizations — including the American Bankers Association (ABA), the Housing Policy Council (HPC), the Independent Community Bankers of America (ICBA), the Mortgage Bankers Association (MBA) and U.S. historical dataset. FHFA was comfortable approving VantageScore 4.0

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Housing Wire

OCTOBER 4, 2022

Each year, the HousingWire Vanguards represent an elite group of industry executives who are moving the housing market forward. Head of Neighborhood and Community Lending. Matic Insurance. Senior Executive Vice President, President of Residential Servicing and Correspondent Lending. Supreme Lending.

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Human Resources Lending Real Estate Technology 410

Housing Wire

OCTOBER 6, 2022

Keller Mortgage , the lending arm of real estate holding company kwx , is the latest firm to be hit by the rapidly decreasing demand for mortgages. On Monday, the company underwent a “mass layoff,” according to posts by former Keller Mortgage employees on LinkedIn. The post More layoffs at Keller Mortgage appeared first on HousingWire.

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Mortgage Real Estate Loan Officers Brokerage 370

Housing Wire

AUGUST 31, 2022

Since then, the firm acquired MassiveCert , a software company that provides flood zone determinations for insurance, lending and real estate in July. In a tight housing market, Xactus said it aims to help customers close loans more quickly. .

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Modernization Clients Technology Insurance 370

Housing Wire

OCTOBER 28, 2022

Speakers: Carrie Gusmus, President, CEO, Aslan Home Lending AJ Barkley, head of Neighborhood and Community, Lending Bank of America Charmaine Brown, Vice President of Diversity, Equity, and Inclusion, Finance of America Companies Courtney Graham, Chief Marketing Officer and Chief People Officer, Princeton Mortgage.

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Lending Development Finance Technology 410

Housing Wire

JULY 26, 2021

The housing market is red hot. The Federal Housing Finance Agency house-price index rose 12% last year due to low inventories and high demand. And the National Association of Realtors reported that, for the first time in a generation, housing prices rose in each of the 181 metro areas it tracks at the end of last year.

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Mortgage Lending Real Estate Agent Government 504

Housing Wire

SEPTEMBER 23, 2020

The Federal Housing Administration’s 203(k) rehabilitation mortgage insurance program is designed for borrowers to renovate when they purchase or refinance. For over 40 years with Section 203(k) of the National Housing Act, FHA has been protecting lenders with fully-insured mortgage loans even as renovations are underway.

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Renovations Insurance Home Improvement Design 543

Housing Wire

MAY 26, 2021

After reading the recent report from the Federal Housing Finance Agency on the performance of Fannie Mae and Freddie Mac’ s credit risk transfer programs, anyone unfamiliar with the purposes of CRT might understandably conclude that the GSEs vastly overpaid capital market investors and insurance providers to transfer credit risk off their books.

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Insurance Investors Design Finance 382

Housing Wire

JUNE 28, 2023

No mortgage insurance is required. However, the underwriting for non-QMs is cited by lenders as the difficulty with expanding into non-QM lending. Depending on their FICO scores, loan amounts and debt-to-income (DTI) ratios, borrowers have the option to choose from four available bank statement loan options.

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Real Estate Agent Insurance Lending Real Estate 370

Housing Wire

JUNE 29, 2022

Boston fintech firm Knox Financial plans to expand its lending business and loan products with $50 million in funding it received from a real estate advisory firm. The 2022 housing market has been underscored by interest rate spikes and refi decline and lenders are working hard to adjust to new borrower trends.

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Investing Real Estate Lending Brokerage 370

Housing Wire

APRIL 4, 2022

The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined. The only guy who isn’t affected by interest rate growth right now is someone who is buying a million-dollar house, putting down 25% to 30%,” Westcott said.

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Insurance Loan Officers Sellers Mortgage 370

Housing Wire

MARCH 14, 2023

“It will be hard to be completely confident in the near term that Sunday’s intervention will halt the pressure on smaller banks, who play a large macroeconomic role and could become considerably more conservative in their lending.” The current uncertainty brings an upside to the housing market: mortgage rates are in a downward trend.

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Transportation Housing Market Insurance Lending 370

Housing Wire

NOVEMBER 18, 2022

A combination of elevated mortgage rates, sluggish home sales and inflation continue to plague the housing market workforce, with numerous mortgage lenders and real estate startups shedding employees. Modernizing origination to stay competitive in today’s housing market.

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Loan Officers Modernization Finance Housing Market 421

Housing Wire

MAY 18, 2022

HousingWire recently spoke with Christian Mills, head of Financial Advisor Relations at Reverse Mortgage Funding, about the ways a reverse mortgage can create a stable cash flow for homeowners in the midst of a volatile housing market. CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans.

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Mortgage Clients Insurance Tools 397

Inman

OCTOBER 4, 2023

Economists, homeowners and agents broke down the alarming but true cost of buying property in 2023, telling Intel that rising rates and home prices are only the start for wallet-stretched buyers.

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Housing Market Buyers Agents Marketing 186

Housing Wire

AUGUST 16, 2022

s mortgage business has been the subject of industry speculation in the wake of a Bloomberg report indicating that the lending giant plans to shrink its enormous mortgage footprint , including a likely pull-back from the correspondent lending business. The fate of Wells Fargo & Co. ’s billion for all last year.

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Mortgage Lending Business Insurance 370

Housing Wire

NOVEMBER 10, 2021

However, the San Francisco-headquartered outfit could not leverage a historically fantastic housing market to turn a profit, posting a $57 million net income loss. This evolution of the company’s pricing model, Wheeler said, has helped enable Opendoor to expand into more than 40 markets and purchase somewhat more expensive homes.

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Housing Market Market Value Insurance Lending 370

Housing Wire

APRIL 4, 2024

Meanwhile, community-focused trade groups and associations, although feeling that the new rules miss some relevant aspects of fair lending, criticized the judge’s decision. The following day, Martin Gruenberg, chairman at the Federal Deposit Insurance Corp. This week in Washington, D.C.,

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Modernization Law Legal Landlords 318

Housing Wire

MARCH 15, 2023

The Company still maintains fully insured custodial deposit accounts at Signature,” the document says. “We It is now controlled by the Federal Deposit Insurance Corporation (FDIC). Signature Bank collapsed on Sunday when New York state regulators closed its doors because it lacked the liquidity to pay for client’s withdrawals.

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Insurance Investors Real Estate Mortgage 370

Housing Wire

SEPTEMBER 6, 2023

The ICE — Black Knight merger creates the first end-to-end digital infrastructure that will reorder incentives and change how housing markets operate. Audience assets will be valued based on transaction volumes and bundles of listings, lending, loan sales and servicing and trading content.

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Supply Chain Real Estate Technology Mortgage 370

Housing Wire

MARCH 7, 2024

And so [investors] can start having greater conviction in the future path of interest rates and in the health of the mortgage market.” Our analytical team believes we’re approaching a bull market as far as fixed-income [securities].” It’s a matter of speed. … The report revealed that January 2024 PLS issuance totaled $7.5

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Investors Government Mortgage Investing 421

Eppraisal

APRIL 21, 2023

Not only do we fear losing deposits, we also worry about the effect of failure on lending, credit and their costs. Depositors are compensated -- in part or in full -- by the Federal Deposit Insurance Corporation (FDIC) or, in the case of a failed credit union, the National Credit Union Administration (NCUA).

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Lending Housing Market Marketing Real Estate 28

Housing Wire

JUNE 1, 2023

While the FHA loan allows a borrower to put less money down and doesn’t come with LLPAs, that flexibility comes with a high upfront and annual costs in the form of mortgage insurance premiums (MIP). In March, FHA Commissioner Julia Gordon made it a little cheaper.

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Loan Officers Insurance Mortgage Real Estate Agent 370

Housing Wire

APRIL 26, 2023

Smart pandemic policies like this stabilized the housing market and, by extension, the economy when it was most needed, and today’s challenging market has emphasized the need for further policy reform as servicers expand their loss mitigation toolkits to keep homeowners in their homes.

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Insurance Mortgage Government Investors 384